Sun, Dec 23 2018

U.S. food companies Kraft Heinz Co and Mondelez International Inc have been short-listed to participate in the second round of Campbell Soup Co's auction of its international business, people familiar with the matter said.

Dec 23 U.S. food companies Kraft Heinz Co
and Mondelez International Inc have been
short-listed to participate in the second round of Campbell Soup
Co's auction of its international business, people
familiar with the matter said.

Kraft Heinz Co has agreed to sell its Canadian natural cheese business to Parmalat SpA in a C$1.62 billion ($1.23 billion) deal that will help Kraft trim its debt and extend the North American footprint of Parmalat owner Lactalis.

Kraft Heinz Co will sell part of its Indian business, including brands such as malt-based drink Complan and energy drink Glucon-D, for 45.95 billion rupees ($627.18 million), at a time when Indian consumers are demanding healthier, sugar-free alternatives.

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: